How to Claim Tax Deduction on Donation Under Income Tax Act,1961?
Donating to charity is an act of serving society. The government extends its full support towards charitable services by providing tax deductions on...
![[TAXSCAN 360] Uncovering Hidden Income Tax Advantages for Homeowners: Deductions u/s 80C and 80EE](https://www.taxscan.in/wp-content/uploads/2024/05/Income-Tax-Income-Tax-Advantages-Income-Tax-Advantages-for-Homeowners-Taxsacn.jpg "[TAXSCAN 360] Uncovering Hidden Income Tax Advantages for Homeowners: Deductions u/s 80C and 80EE")
Budget 2024: Insurers suggests Introduction of Separate Tax Deduction Limit for Life Insurance, Waiver of Taxation on Annuity and Pension Products
The life insurers want the government to introduce a separate tax deduction limit exclusively for life insurance premiums paid, bring life insurance annuity and pension products at par with the...
Failure to prove Statement and Certificate filed along with Form No.67Â u /r 128(8)(ii) IT Rules for claiming FTC in which Income received from Kazakhstan Employer: ITAT directs Re-Adjudication
The Income Tax Appellate Tribunal (ITAT), Pune bench, while directing readjudication in respect of Foreign Tax Credit (FTC), observed that the assessee had failed to prove the statement and...
Provisions of S.40(a)(ia) not Applicable for Non-Deduction of TDS in Salary prior to AY 2015-2016: ITAT Deletes Disallowance [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has deleted the disallowance holding that the provisions of Section 40(a)(ai) of the Income Tax Act 1961 was not applicable for non-deduction...
![Provisions of S.40(a)(ia) not Applicable for Non-Deduction of TDS in Salary prior to AY 2015-2016: ITAT Deletes Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Applicable-Non-Deduction-TDS-Salary-ITAT-Disallowance-TAXSCAN.jpg "Provisions of S.40(a)(ia) not Applicable for Non-Deduction of TDS in Salary prior to AY 2015-2016: ITAT Deletes Disallowance [Read Order]")
Online Gaming Industry Bodies oppose proposed changes in Tax Deduction and GST, seeks reconsideration from CBDT and PMO
Three online gaming industry bodies, the E-Gaming Federation (EGF), All India Gaming Federation (AIGF), and Federation of Indian Fantasy Sports (FIFS), have reached out to the Central Board of Direct...
Circuit breakers/Switchgears is eligible for Drawback at rate of 4% and 3.6%: Bombay HC directs re-adjudication [Read Order]
In a writ petition filed against the Revisionary Authority, the Division Bench of the Bombay High Court (HC) Justice Nitin Jamdar and Justice Gauri Godse made the determination that the petitioner's...
![Circuit breakers/Switchgears is eligible for Drawback at rate of 4% and 3.6%: Bombay HC directs re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Circuit-breakers-Switchgears-Drawback-Bombay-High-Court-re-adjudication-Taxscan.jpg "Circuit breakers/Switchgears is eligible for Drawback at rate of 4% and 3.6%: Bombay HC directs re-adjudication [Read Order]")